Econoclass: Resources for Economics Teachers - 0 views
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Jennifer Garcia on 12 Sep 11The Frozen Price Game Students are told that a hurricane has caused a major power outage, increasing the demand and decreasing the supply of ice. They then use two different methods to allocate ice: first-come, first-served and price. This game is a good way to demonstrate the advantages of price allocation. Click here to download rules and materials. Also see the Debate Topics page for a new debate over whether gasoline price-gougers should be punished.